In brief
As per the Presidential Decree No. 7346 published in the Official Gazette dated 7 July 2023, general VAT and reduced VAT rate, and VAT rates applicable on certain deliveries have been increased.
In detail
As per the Presidential Decree No. 7346 published in the Official Gazette dated 7 July 2023, general VAT and reduced VAT rate, and VAT rates applicable on certain deliveries have been increased.
General VAT rate in Turkey is increased to 20%, from 18% Reduced VAT rate of 8% is increased to 10%. Applicable VAT rate on the deliveries of the cleaning products (except toothbrushes, pastes and dental floss) is now increased from 8% to 20%.
There is no change made on the reduced VAT rate of 1%
Please note that respective new rates are applicable as of 10 July 2023.
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